§ Mr. Emeryasked the Chancellor of the Exchequer what would be the loss to the Exchequer if all people of retirement age were excused taxation on the first £400, the first £450 and the first £500 of their income, respectively.
§ Sir E. BoyleTo give a special personal allowance for all males over 65 and single females over 60, so that they begin to pay tax at £400, would cost £24 million in a full year. The corresponding figures for £450 and £500 are £30 million and £34 million.